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20121204
20121204
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my colleague from the great state of michigan to join us, mr. curson is a new member, came in during a special election. welcome. delighted to have you join us. mr. curson: thank you. i agree wholeheartedly with what's been said so far and the testimony, what i really want to say -- into the mic. what i really want to say is medicare is run more efficiently than nearly any insurance company in the world. they devote less than 2% of its funding to administrative expenses, and you compare that to a private insurance company that costs up to 40% of premiums for individuals and small group plans for administration and to pay their executives six and seven-figure salaries to do the same thing that'sed a minute straighted by -- that's administered by medicare officials. and the attempts to move medicare eligibility from 65 to 67 sounds like an easy fix. well, not only, as was spoken earlier, the recipients, those people that are 64, 65, 66 going into that category are people that possibly are already struggling, lost their jobs. they need that health care. they have a pre-existing conditio
: philip. michigan. democratic caller. caller: thank you. this is not so much a tax question. i used to work for a food company in 1972 that was very large, employing 3000 or more, closing in 1985. people here have lost their jobs. why does the government not do something to cut their jobs? for instance, do we really need the cia, the federal marshals here and there? why do they not get the federal bureau to cover everything? host: that is philip's idea. on twitter, a follow-up with the small-business owner we heard from, saying they eliminated business averaging which is hopeful to small businesses with fluctuating income. guest: it guest: under income averaging, if you have a fluctuating in a come -- income, you pay low rates when your income is low, high rates when your income is high. the average maybe higher than if you had constant and come over that time. income averaging the be the ability to average over years and pay tax at a rate equal to the harvard marginal rates that would apply to your average income. it was an attempt to address the fluctuating income problem. host: m
Search Results 0 to 1 of about 2